Shift4 Payments Simplifies Structure, Eliminates Super-Voting Stock, and Reduces Tax Receivable Obligations

Shift4 Payments, Inc. has completed a simplification of its corporate structure, eliminating multiple share classes and super-voting stock. Founder Jared Isaacman has converted his equity interests and shares into Class A shares, removing his voting and contractual control rights. The transaction also eliminates the Company's previous "controlled company" status under NYSE corporate governance standards. Isaacman remains the largest equity holder with a 25.9% ownership stake.